On the performance of the base-stock inventory system under a compound Erlang demand distribution.
Safa SaidaneMohamed Zied BabaiM. Salah AguirOuajdi KorbaaPublished in: Comput. Ind. Eng. (2013)
Keyphrases
- lead time
- inventory costs
- inventory control
- stochastic demand
- lost sales
- inventory management
- inventory systems
- dynamic pricing
- inventory level
- demand distributions
- random variables
- multi item
- stochastic inventory
- production inventory
- single period
- supply chain
- planning horizon
- lot size
- production cost
- setup cost
- inventory models
- demand forecasting
- lot sizing
- profit maximization
- inventory policy
- production rate
- optimal policy
- total cost
- spatial distribution
- revenue management
- infinite horizon
- holding cost
- single item
- single product
- service level
- assembly systems
- production capacity
- expected cost
- bullwhip effect
- spare parts
- finite horizon
- probability distribution